Charging the correct hourly rate can be a balancing act when you are starting out in business. You need to cover your costs, make a profit but still be able to compete with more established businesses. Here is a guide on how to work out the best hourly rate.

Many business owners fail to pay themselves a proper wage and often rely on taking drawings from the business in order to survive. This is especially so in the first few years of opening a business. On the other end of the scale we have the business owners that drain too much funds out of their business inhibiting any potential growth. Either way the question inevitably arises ... just how much should I be paying myself?